Skip to website navigation Skip to article navigation Skip to content

Financial statements

A page refresh occures when a subject is selected.

Skip article navigation.

4 Critical accounting estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and adjusted for current market conditions and other factors.

10 Income taxes

The Fund has opted for the status of Fiscal Investment Institution (FII). Although an FII is not transparent for tax purposes the FII regime is based on the principle of tax transparency.

Notes to the consolidated financial statements

All amounts in € thousands, unless otherwise stated

1 General information

The Office Fund (Chamber of Commerce number 34366457) is a public limited liability company incorporated under the laws of the Netherlands, with its corporate seat in Amsterdam, the Netherlands.

2 Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

3 Financial risk management

The credit risk relating to the receivables is maximised to € 6.5 million in 2022 (2021: € 5.3 million) and the receivables are closely monitored.

4 Critical accounting estimates and judgements

5 Core regions

A spread by core regions is applied in the analysis of the valuation of the investment property portfolio. Amsterdam, Rotterdam, The Hague and Utrecht are considered core office regions in 2022. The Fund is currently active in these 4 regions.

6 Gross rental income and service charge income

The future contractual rent from leases in existence on 31 December 2022, until the end of the contract (accounted for on the basis of the minimum rent) can be analysed as follows:

7 Property operating expenses

In 2022, € 0.6 million (2021: € 0.8 million) of the maintenance expenses related to unlet properties.

Show more results